New wireless broadband network to launch next year
By Peter Svensson, AP Technology Writer
NEW YORK (AP) – U.S. consumers and businesses are going to get more options in wireless service starting next year, with the launch of a new wireless broadband network that will provide competition to the incumbent phone companies.
Private-equity firm Harbinger Capital Partners on Tuesday revealed details of the launch of its wireless network, LightSquared, which aims to cover 92 percent of the population by 2015.
It's a rare new entrant in the wireless market. LightSquared plans to start providing service in the second half of 2011 in Las Vegas, Phoenix, Denver and Baltimore.
In the media: Redbox gunning for Netflix
By Brian Santo
Movie kiosk company Redbox is trying to figure out how it can also begin to stream movies, a la Netflix, according to a report from Bloomberg.
The article says Redbox is actually losing sales to Netflix, even as both combine to eviscerate the last major rental operation, Blockbuster.